In this example, ten individuals provide the loan based on their relative gross incomes. The results for their considerations based on both the Illinois tax credit and the federal deduction are provided in the table. The individuals are assumed to be in the 35% federal tax bracket. The annualized return resulting from the total of the Illinois tax credit and the federal deduction is 58%. | In this example, ten individuals provide the loan based on their relative gross incomes. The results for their considerations based on both the Illinois tax credit and the federal deduction are provided in the table. The individuals are assumed to be in the 35% federal tax bracket. The annualized return resulting from the total of the Illinois tax credit and the federal deduction is 58%. |